Economic Numbskulls

Thursday, January 9, 2014

One of the many bizarre consequences of minimum wage and the minimum wage increases is an increase in the negative types of the underground economy. The next time you hear of identity theft blame the economic numbskulls who destroy legitimate jobs.

Saturday, October 26, 2013

Let us examine the difference
between human savings and the savings of a squirrel. Apparently both anticipate
the future! The squirrel’s action is very strongly driven by instinct; however
if environmental conditions change significantly the squirrel will modify the
size of its cache. Likewise, human savings will be modified as a consequence of
conditions. Human intelligence, which can span time conceptually and which can
unravel the numerous and various complexities of the world, enables humans to
save purposefully. Simply stated, savings is a productive and vital aspect of
life.

Under the current system of
economic intervention, the proponents of intervention come to the bizarre
conclusion that savings is harmful. For example, Keynesian economics — a
variant of which underlies the predominant economic systems practiced worldwide
— demonizes people’s choice to save. Their forced incentives to diminish
savings is like force-feeding the squirrels this year only to find that their
essential cache for the future is completely gone, ultimately leading to
disaster.

Sunday, May 26, 2013

The divine part of the economy is its infinite nature - incomprehensible to the human mind - yet fully capable of grace and justice when freed from the ego-driven interventionists.

This does not square with the use of mathematics in mathematical economics. Mathematicians have never solved for infinity. Whatever the supposed answer is just simply add one and the futility of their plight is as evident as the Sun at midday!

Yet the mathematical economists try to hide behind their incomprehensible and nonsensical equations and formulae in an attempt to exalt themselves, giving the false impression that they have an authoritative interpretation. These claimants are ego-driven interpreters whose glory is to empower the ego-driven interventionists.

Because of the divine nature of the economy - its infinite character - there is no moral authority for interventionism. The mathematical economists cannot provide the necessary foundation for interventionism any more than mathematicians can solve for infinity.

It is probably the goal of the unConstitutional coup to now use youth reporters on its propaganda media outlets in an attempt to derail the popularity of Ron Paul with the youth voters. That might work with the bimbo crowd but it will not phase anyone who is actually enjoying learning about classical liberalism or how the world really works.

Tuesday, February 14, 2012

When the economy is used by economic imbeciles for political purposes there are innumerable negative consequences.

Mandating free birth control will oversupply women with contraception devices and encourage those women who are ethically challenged to use these free goods as a source of income. These unscrupulous women (or men being supplied by women, but whose ultimate source - the big drug lord - is the government) will find a way to get them into the hands of teenage and preteen girls.

Not that there is currently a big demand but oooh just wait and see. These drug pushers have all the incentives they need to generate a bigger demand and so they will do whatever they can to pervert the morals in society to create the demand.

I suggest that you share this with as many people as you can to try to stop this absurdity from destroying the morals of our young people.

Thursday, December 8, 2011

Revisionist historians who don't accept the elementary and secondary public school version that all Presidents are virtuous and honorable men have identified Teddy Roosevelt as a psychopath! He gloried in killing - big game and wild animals of all kinds - and his human victims in the Spanish American War - doing a jig over their dead bodies!

As a politician he was fiercely polarizing and he steered the United States towards fascism by his political favoring of those businesses that served his whims and his political sabotaging of those who did not.

Later he formed the Progressive Party to try to win the Presidency again when the Republican Party rejected him because of his fascism and as a result the vote was split, which handed the victory to Woodrow Wilson even though he only got 40% of the vote (the lowest in history).

Under Wilson the Federal Reserve and the federal income tax were imposed.

Friday, November 4, 2011

Empirical economists use numbers as if the numbers speak for themselves and then they take the next step as an ego-driven interpreter. This is done as part of their justification for intervention, by these so-called 'experts.' Some of them have impure motives and some are just miseducated to be empirical economists, but the status quo of all of ego-driven interpreters is to intervene with their finite knowledge into an economy which is infinitely beyond their comprehension.

Sunday, October 16, 2011

There can be no doubt that Herman Cain is an economic numbskull, as is clearly evident in this recent interview about what he was saying during the total meltdowns in the current business cycle. He even has the gall to try to lie his way out of his statements, is caught lying by the interviewer, and then tries to blame his statements on a lack of access to sophisticated economic analysis even though he has served as a high ranking official of the Federal Reserve!!!

It's not all bad news though because Herman Cain's cluelessness and deviousness is followed by an amazing interview of Ron Paul!!!

Wednesday, July 13, 2011

Dumping toxic assets on the American taxpayers while at the same time bailing out the military industrial complex (funding their unconstitutional wars), and politically-favored Wall Street banks, and crony corporations; that is the fraud.

If you gain this understanding you will no longer be an economic numbskull!

Tuesday, June 7, 2011

Ignorance of what capital looks like as it appears in society and as it morphs over time is what plagues the improperly educated. The propaganda that is passed off by the State as education is Marxist at its core in this regard. Capital is completely misunderstood, and even despised, and most definitely it is treated like an atheist treats the concept of God.

This is the absurd foolishness of Statism, promulgated in its education system, and spewing from the mouths of the ego-driven interventionists whose ambitions are to gloriously serve the State.

Capital irresistably appears, and it transforms products and people and socieites, but it can be undermined by the economically ignorant if they have the support of the corruption of Statism.

Saturday, June 4, 2011

The lag time between collecting empirical economic data and then altering the collecting criteria is shown in the graph from the first quarter of 2008 to the second quarter of 2009.

The post-second-quarter 2009 portrayal shows the betrayal by the interpreters and the betrayal by the interventionists (quantitative easing schemes). Their lies and deceit betray all ethics and justice.

What these ignoramuses cannot fathom is the power of economic equilibrium which will cause the graph to climb rapidly again despite their ridiculous criteria, rendering it even more meaningless. At some point the empiricists will no longer be able to provide anything of value to the propagandists of the unConstitutional coup.

Friday, April 29, 2011

No wonder the theft of counterfeiting does not occur to such a thug. No wonder the award of Nobel Prize for Wackonomics was given to him, in return for his doing the bidding of the unConstitutional coup.

Of course, Ron Paul is the arch-enemy of these criminal, economic terrorists!

Wednesday, April 20, 2011

What has happened is: those with no moral authority are given authority under the aegis of the coercive State.

Free reign is given to the ego-driven and since it is the animal that is the manifestation of this type of self-driven, hedonistic way of life a society run by the ego-driven takes on the characteristics of this lower form. Hence the drive towards the cave mentioned by Jeffrey Tucker!

Wednesday, March 9, 2011

The fallacy used as propaganda by the unConstitutional coup in the United States to justify its imperialism is that oil production has to be safeguarded. This fallacy is just one more piece of evidence that those decision-makers are economic imbeciles - just a bunch of mercantilists and mercenaries.

The market supplies the goods - oil, for example - perfectly well except it is hampered by the lustful ego-driven interventionists who try to use warfare to prop up their acts of economic terrorism. These are the ones who are guilty of crimes against humanity.

Thursday, February 17, 2011

The Federal Reserve epitomizes bad economics. It does not track the effects beyond its closest links and it does not track the effects of its interventions over the long run. It is the embodiment of Keynes - immoral and pompous and a closet socialist!

Thursday, January 6, 2011

If the reason for buying the happy meal is the toy inside then children will not want to eat at McDonalds in San Francisco. If they do choose to eat at McDonalds then the statists will do what next - ban anyone under 18 from McDonalds? The statist absurdities are evident and endless.

Friday, December 31, 2010

The imbalance (economy) that is behind the imbalance (ecology) is caused by the corruption of the natural system (the economy is the natural system just like ecology is the natural system) by ego-driven interpreters and ego-driven interventionists. The system of ecology excludes the addition of humanity to the world of creation. The system of economics includes humans but it is disrupted by human errors just as the ecology of the Earth is disrupted by human activity.

The goal is to minimize disruption and to maximize civilization.

Economic laws, just like ecologic laws are known. It is known that the unhampered flow of knowledge and the social cooperation engendered by division of labor requires the absence of ego-driven economic intervention.

The so-called scientist (Ohio State University climatologist Lonnie Thompson) sees the detrimental effects of human activity on the ecological system but fails to see the detrimental effects of ego-driven intervention into the natural system of the economy. His lack of a proper education does more harm than good! Such 'scientific work' is a best irrelevant and at worst it is detrimental to human civilization.

Friday, December 10, 2010

Hyperinflation is the consequence of printing money with reckless abandon or as Federal Reserve Chairman Ben Bernanke says, by "quantitative easing." If you want to get a glimpse of examples of hyperinflation over the last 80-100 years watch this recent presentation at a Mises Circle at Furman University.

So in 'honor' of the hyperinflationist at the helm of the Federal Reserve any monetary number measuring inflation that is more than a gazillion is now called a Bernanke! And all inflation of any amount is merely a decimal of that new term.

Thursday, October 21, 2010

Joseph E. Stiglitz is a Keynesian quack, a Keynesian first and then a quack. What we see here is cause and effect. This is at the micro level - in the diseased mind of Stiglitz. At the macro level it is his ego-driven interpretation and his hopes for ego-driven intervention that is the cause; and the effect is the destruction of the inherent harmony of the economy.

Bernanke was counting on full production of funny money when he boldly claimed that he would pump out so much money that the deflation of the Great Depression could never happen under his watch. He was stupid to think that the Great Depression was caused by not enough money and he was stupid to think he could stay ahead of the imminent economic collapse and he is just plain stupid. Stupidity rules in these, the Dark Ages of economics!

The scorpion of hyperinflation poised and ready to fatally sting the life out of the dollar.

Instead of seeing what lies hidden Krugman whistles the tune of the economic terrorists composing the unConstitutional coup who are attached to the counterfeiting operation of the Federal Reserve like a lamprey. The good news: the lamprey dies when the Federal Reserve is discarded.

It is not austerity that is needed, it is the abolition of central banks, replaced by free banking and sound money.

Monday, August 9, 2010

"Unlit" - in the dark secrecy of the counterfeiting operation the Federal Reserve prints funny money to redistribute wealth to the unConstitutional coup and its benefactors.

"Unpaved road to nowhere" - must be referring to the Road to Serfdom! That is surely a nowhere destination and the destruction caused by such Keynesian socialism/fascism will make it seem like we are traveling on an unpaved road if we go in that wretched direction.

Do not follow the directions of Krugman, he is a propagandist and an economic imbecile.

Friday, July 16, 2010

The mysteriously evaporated tarp funds and bailout bribes must be floating around in those murky waters. Those who can ignore the smell of the putrid, stagnant water and can tolerate the feasting of the parasitic mosquitos will slog around in the muck. Has anyone told these brainwashed laborers about the parasitic leaches or the diseases carried by all of the bloodsuckers?

Success in this corrupt slough is: becoming a parasite and gorging on the productive members of society.

Thursday, July 15, 2010

GDP is a statistic that allows the government to measure the benefits that come from spending counterfeit money and going massively and recklessly into debt, while totally ignoring the inflation it creates, the malinvestment it causes, the corrupt redistribution of wealth from the productive to the unproductive, and the treasonous destructive impact on the economy.

It turns out that the government is not exempt from economic laws. It is just able to create a catastophic bubble of corruption and economic terrorism because it propagandizes its citizens. Eventually the economic laws will burst the bubble.

The key is to put an end to the unConstitutional coup that bribes the ego-driven members of Congress. That is the solution.

Tuesday, January 26, 2010

Anyone with even the most rudimentary knowledge of history and political history will be astonished to hear the distortions of historical facts followed by pleas for blind acceptance of more destructive Keynesianism.

At the end Congressman Ron Paul says that he is not at all happy with the destruction of the American economy by the Federal Reserve and the Keynesians who are nothing other than economic numbskulls!

Saturday, December 5, 2009

Christina Romer, who chairs the Council of Economic Advisers, has a vested interest in painting a rosy picture. Here is the desperation in her voice as she commands the empiricists to 'earn their keep": "Look around and twist and turn the numbers. There's got to be something we can use to keep the spirits of the American people up!"

The economic advisors are the ego-driven interventionists who whisper in the ears of the ego-driven interventionists (politicians) and who resort to ego-driven interpretation of the data to come up with the next line of propaganda to feed the victims of the economic terrorism of the unConstitutional coup.

Friday, December 4, 2009

Either Bernanke is too economically ignorant to know the devastation that these political ploys cause or he is far from being independent and instead he does the bidding of the unConstitutional coup without a peep.

Either way, for either reason, the Senate should reject Bernanke and should audit the Federal Reserve.

Get rid of the Federal Reserve and bubbles will not form in the first place! That is a much better option than allowing the pinheads to create bubbles that stimulate corruption and fascism in the short-run and totalitarianism in the long-run.

Friday, November 6, 2009

In this case the bogus government statistics actually detect something that makes the sequence of syllables {stagnation before inflation} prophetic.

Let's see how many of the empirical economist bozos will proudly look back at these points of data and exclaim: "See, we actually were right! It was some of the other empirical economist bozos that prematurely stopped shading the graph!"

Friday, October 30, 2009

Sure; if hoodlums break windows the glazier has plenty of work but what about all the destruction of wealth. Instead of buying a new windshield Joe the Plumber (!) would have bought the tool that would have prevented the accident that caused him to lose his sight in one eye, etc!

These 640,329 jobsrepresent the destruction of wealth caused by the economic terrorists who have usurped our Constitutional Republic and is operating as an unConstitutional coup.

Based on that information it is safe to say that all economic nincompoops will be impressed and that the economic nincompoops in the media will demonstrate their stupidity by trumpeting the "great news."

Tuesday, October 20, 2009

Washington, D.C. is like an enormous and grotesque "Broken Window Fallacy!"

In "Economics In One Lesson" Henry Hazlitt reintroduced the logic of Fredrick Bastiatand exposed the ridiculousness of bad economics. Bad economics is economics that looks only at part of the consequences, which is what the economic nincompoops in Washington, D.C. greedily live off of.

Politicians (you know, the ego-driven interventionists) can only see the jobs that are created in the construction of the bridge to nowhere! Then there are the numerous legislative acts needed to handle the complications associated with ending up in 'nowhere.' For example, what is the environmental impact? Use benefit/cost analysis - but be sure to hire an analytical firm run by a friend who only cares about the benefits. And on and on.

Not only is Washington, D.C. the center of corruption but it is also the point where the parasitic tick is attached. It is sucking the blood of its host (the productive elements of society) and at the same time it is a carrier of numerous infectious diseases.

The vaccination craze being pushed by the corporatist/fascist/socialist power elite should be re-oriented towards removing the parasite and curing the diseases it introduced. The best first step is to END THE FED.

Wednesday, August 26, 2009

Plastic food made to resemble real food. The chemical formula for the plastic food is complex and it requires a rigorous process to get it right. The molding and coloring necessary to make it resemble food requires more rigor. "But it is all worthwhile" says the technocrat!

Tuesday, August 18, 2009

Like with most economic issues there is very little true understanding. It may seem odd but almost all trained economists just regurgitate what they were taught. They do not delve into theory to try to find coherence. One reason is because they have been taught the empirical methodology so almost instantly they would be submerged in mathematical gibberish that has no coherence.

And so what remains is a covey of academic, economic imbeciles who regurgitate Keynesian doctrine. 'Prices are sticky downwards' is some supreme law in Keynesianism and anything that would disrupt that 'great law' would cause great havoc!

Sunday, August 16, 2009

One of the features not included is the newly energized consumer of the pie (and his buddies who also ate some of the pie). This newly energized consumer is not benign, it is malignant. It not only seeks more pie to consume but it also destroys the makers of the pie and the growers of the berries and the owners of the land where the berries grow!

In this Greater Depression automobiles are taken from the market and the engines are destroyed in exchange for cash. Hopefully then this funny money is used to buy cars from government-owned car companies that sell inferior cars but have in place government-conceived incentive programs to buy these poor quality vehicles.

Bailout the incompetent car manufacturers and stipulate that in exchange for the bailout the socialist government will become the majority owner. Then use the government to manipulate the market by destroying the supply of cars and subsidizing the price of the cars produced by the government-run car companies. In the true spirit of Federal Reserve 'independence' have the Federal Reserve make 'credit' available and also in the spirit of 'independence' encourage the banks by having the Federal Reserve strongarm them to make car loans to those who are foolish enough to buy these cars made with renowned soviet quality by the incompetent government run car companies.

Friday, July 17, 2009

Other than the 180 or so economists who are Keynesians and other types of ego-driven interventionists and who are lapdogs of the unConstitutional coup, what about all the rest of us economists that say that counterfeiting is unethical, immoral, and a severe corruption of the economy.

Saturday, July 11, 2009

What I mean is that materialism is a type of spiritual disease that cannot see beyond the object. Constrained by that mind set it is easy to understand how the intellect is squeezed into a narrow box which makes it difficult to appreciate the magnificence and complexity of capital and its structure.

Then comes the audacity of these narrow-minded materialists to pronounce upon what they perceive as 'capitalism.' They cannot comprehend what it is and because of their affliction they are the cause of distortions in the economy, yet they have the gall to associate capitalism with materialism.

This is an example of the ignorant having the ignorance and arrogance to speak about something that they are ignorant about!

Tuesday, June 16, 2009

The Nobel Laureate for Wackonomics is invited to speakand he write columns but his disgrace just continues to accumulate. He and Bernanke are similarly odd in the way they can lie and weave into their lies their perverted version of Keynesianism and then either listen to their own voices or read their own writings and get pleasure from it.

So narrow is their view that to them all the world is nothing compared to themselves. These two are very good examples of the psychological condition of ego-driven interventionism and ego-driven interpretation that has gone so far into that satanic world that extreme narcissism is all that remains. Theirs is a psychotic state, an extreme depravity, and near to the most vulgar of all conditions for a human being, that is: ego-consumed.

Tuesday, March 24, 2009

Home ownershipis one way the Keynesians can make prices sticky downwards! If people can move around easier it would be difficult to make wage rates sticky downward which is bad for the government protected labor unions and bad for Keynesians who only have one seemingly plausible excuse for their fiscal and monetary intervention.

Face it all you idiot Keynesians, prices are not sticky downwards unless you fabricate those conditions through ego-driven intervention.

Keep your hands off the economy, Keynesian charlatans, and then the only stickiness you will see is the slimy garbage that comes from the mouth of the Nobel Laureate of Wackonomics, your hero Paul Krugman!

A more significant starting point would have been 1913 which coincides with the date that the seed of the unConstitutional coup that is alive today was planted. In 1913 the Federal Reserve System was erected with no constitutional basis.

Just as the statisticians haven't a clue about when to mark out the period, the obvious meaning of the exponential expansion of the money base passes them by.

OK, foolish empiricist, it means that the currency is being destroyed!

Friday, February 6, 2009

Humorist Dave Barry once wrote, "See, when the Government spends money, it creates jobs; whereas when the money is left in the hands of Taxpayers, God only knows what they do with it. Bake it into pies, probably. Anything to avoid creating jobs."

Tuesday, January 27, 2009

In contrast to the Keynesian concern about 'animal spirits' we subjectivists are focused on the human spirit and its purposeful action.

This explains why Keynesianism devolves into socialism and communism and the characteristics of bare subsistence common in the animal kingdom. Of course the ego-driven interventionists in charge live large off of the flock.

The empiricists have abandoned the human sciences for the sake of an erroneous methodology and it shows!

Keynes and his 'animal spirits' are a disgrace. There is nothing scientific about it. That is obvious to anyone with any knowledge of the words in our language and any knowledge of what science means! And it is obvious to those of us who are scientifically trained.

This is an ethics issue. Those who claim to be scientists but incorporate 'animal spirits' into their work are unethical. It is as simple as that!

Tuesday, December 16, 2008

Zero interest rate: In the 1990's Krugman advised Japan to go to a zero interest rate or even to go negative! Bernanke can fulfill his wildest dream of becoming helicopter Ben once the interest rate is zero because then he has only the one option - massive 'liquidity' by dumping titanic amounts of dollars as if dropping them from a helicopter.

Bernanke + Krugman = Zero!

Zero knowledge of economic science. Their training is as empiricists but in a field that is subjective. They are like androids with little common sense and no human sensitivities pretending to represent infinitely complex humans who have unpredictable and flexible actions.

Bernanke + Krugman = Zero!

There is not a trace of ethics in either and the sum of two zeros is zero!

About Me

I am a divine economy theorist, technically trained in Austrian economics and classical liberalism. I am the author of the series of books that serve as the foundation for the divine economy theory. Go to my website for more information. http://bruce-koerber.squarespace.com/